Currency pair EUR/USD Euro to US Dollar is trading at 1.1785. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for the pair Euro/Dollar. Ichimoku Kinko Hyo indicator signal area test is expected near the level of 1.1840, from which it is expected to attempt a rebound and further development of the bearish trend with the aim of falling near the level of 1.1680.
Euro Dollar forecast EUR/USD on September 28, 2017
An additional signal in favor of the drop in quotations will be the test of the lower bound of the «Triangle» model. Earlier, a medium strength signal was received for the sell of the Euro/Dollar pair, due to the crossing of the signal lines at the level of 1.1945. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.1950, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes EUR/USD is at the breakdown of the level of 1.1750.
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